Nordea Investment Management AB Reduces Stock Position in The Trade Desk $TTD

Nordea Investment Management AB lowered its stake in The Trade Desk (NASDAQ:TTD) by 94.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,926 shares of the technology company’s stock after selling 1,362,625 shares during the quarter. Nordea Investment Management AB’s holdings in Trade Desk were worth $5,954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTD. Brighton Jones LLC boosted its holdings in Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares during the last quarter. Bison Wealth LLC raised its position in Trade Desk by 24.3% in the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after acquiring an additional 485 shares during the period. Blue Trust Inc. raised its position in Trade Desk by 393.1% in the first quarter. Blue Trust Inc. now owns 3,560 shares of the technology company’s stock worth $195,000 after acquiring an additional 2,838 shares during the period. PFG Investments LLC raised its position in Trade Desk by 233.8% in the first quarter. PFG Investments LLC now owns 9,290 shares of the technology company’s stock worth $508,000 after acquiring an additional 6,507 shares during the period. Finally, Kentucky Retirement Systems bought a new position in Trade Desk in the first quarter worth approximately $1,668,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTD. Evercore ISI upgraded shares of Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Friday, June 27th. Stifel Nicolaus decreased their price target on shares of Trade Desk from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Arete Research upgraded shares of Trade Desk to a “strong sell” rating in a research report on Monday, July 28th. BMO Capital Markets decreased their price target on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Trade Desk from a “hold” rating to a “sell” rating in a research report on Monday, September 1st. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Hold” and a consensus target price of $84.48.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the transaction, the insider directly owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.

Trade Desk Price Performance

Shares of TTD stock opened at $52.49 on Tuesday. The company has a market capitalization of $25.66 billion, a price-to-earnings ratio of 63.24, a PEG ratio of 2.67 and a beta of 1.38. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The company’s fifty day moving average price is $50.64 and its 200-day moving average price is $62.63.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.24). The firm had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. Equities research analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.